Perhaps to no one’s particular surprise, in early September, Mooney announced that it’s under new management, the Chinese owners having abandoned the premises in Kerrville, Texas. The ownership status remains murky but at this juncture, having reported on a half-dozen resurrections, maybe the question to ask isn’t if Mooney can survive, but can anything succeed in killing it?
By our count, this marks the 12th time the company has either emerged from bankruptcy or been sold to a new suitor determined to revive it in the Kerrville era. The current situation has a management group headed by entertainment attorney Jonny Pollack who tells us he’s busy getting parts and services reorganized and looking for capital to possibly revive production, which essentially halted last year.